Down for the count: the numbers--and a global credit crisis--were
crushing Wachovia, but CEO Bob Steel squirmed out of a terribl
The morning of Sept. 11, almost seven years to the hour after
jetliners slammed into twin towers in the nation's largest
financial center, a gray shroud hovers so low it hides the tops . . .
Boone.(Western)
BOONE -- The town will pay $1.25 million to buy the
3,800-square-foot downtown post-office building. The Postal Service will
lease about 625 square feet--at $11,250 a year--for at least 20 . . .
Economy chips away at dividend and stock split.(Bank of
Granite)
Rivers will run uphill: Bank of Granite has suspended its dividend
for the first time in 50 years. The real-estate bust is to blame, CEO
Scott Anderson says. The bank posted a second-quarter loss . . .
Salisbury.(Charlotte)
SALISBURY -- Norandal USA cut 22 jobs at its plant here, leaving
about 163 employees. The Franklin, Tenn.-based company, which
manufactures aluminum foil for heating and air conditioning, . . .
Charlotte.(REGIONALREPORT)
CHARLOTTE -- Duke Energy and nuclear-engineering company Areva
formed a joint venture to build U.S. power plants that will produce
electricity by burning wood waste. Areva, based in Bethesda, Md., . . .
What's in store for Belk: the nation's largest
privately owned department-store chain goes up against a weak economy
and discoun
A ponytailed, 30-year-old bank worker, who has slipped into the
Belk store at Northlake Mall on her lunch hour, peruses racks of summer
wear in the juniors department, pulling out shorts and . . .
Fletcher.(Western)
FLETCHER -- Attendance at the Mountain State Fair declined 5.3%
this year to 177,869. A state Department of Agriculture official blamed
poor weather and gasoline . . .
Working capital.(Western)
WESTERN REGION
Jobs: 508,854
YTD change: 8,164
Index: 104.7
[ILLUSTRATION OMITTED]
Source: Employment Security Commission, July.
Figures are not seasonally adjusted. The index is the . . .
Charlotte.(REGIONALREPORT)
CHARLOTTE -- Sencera International, which makes solar panels,
secured $15.6 million from The Quercus Trust of Newport, Calif. It will
use the money to start production of the panels next year at a . . .
Hickory.(Charlotte)
HICKORY -- Turbotec will open a factory by January that will employ
about 25. The Windsor, Conn.-based company makes heat tubing and . . .
Throw down on potters fields: a move to protect the local brand
fires a controversy that has led to dueling pottery festivals in
fall artists, potters are closest to the land. Their product is
elemental--earth, water and fire--and they never know precisely how a
piece will look until it comes from the kiln. "That," . . .
Sylva.(Western)
SYLVA -- Jackson County officials will fight Duke Energy's
plan to remove a dam at Dillsboro. They say the 12-foot-tall dam is a
landmark and tourist attraction. Duke plans to begin demolition in . . .
Lenoir.(Western)
LENOIR -- St. Louis-based Furniture Brands International plans to
spend about $3 million to consolidate its Broyhill upholstery
manufacturing and warehousing in the state. It will employ about 670 . . .
Charlotte.(REGIONALREPORT)
CHARLOTTE -- Phil Mazzuca, 49, will step down at the end of the
year as chief operating officer of Med- Cath. Mazzuca, COO since March
2006, plans to take a job with another company, according to . . .
Charlotte.(REGIONALREPORT)
CHARLOTTE -- Curtiss-Wright Controls won an $80 million contract
from Sweden-based Saab Aerostructures to build a system for opening
cargo doors of Boeing 787 Dreamliners. Components will be made . . .
Bricks&Mortar.(Wake Forest University)(Brief article)
This is not lipstick on a pigskin in Winston-Salem. Wake Forest
University--lifetime record, just over .400--has sacked its reputation
as a football featherweight, even notching national rankings. . . .
Riding the bull: by corralling Merrill Lynch, BofA beefs up the
split between it and the other 99 on the Financial 100.(FEATURE)
To say that Bank of America Corp. is big is an understatement of
gargantuan proportions. Add up the 2007 revenue of the other 99 banks,
thrifts and credit unions on BUSINESS NORTH CAROLINA's . . .
Spindale.(Western)(Orbis Global Solutions, Inc. partnered with
Sky Catcher Communications, Inc.)(Brief article)
SPINDALE -- Sky America Service Center plans to open a call center
this year that will employ at least 50 initially and more than 1,250 in
five years. The company was formed by Sunrise, Fla.-based . . .
Grandfather Mountain will be a state park.(Western)(Grandfather
Mountain Inc.)
Grandfather Mountain won't become the Myrtle Beach of the
west. That--the nightmare of many Tar Heels--seems to have been avoided
after the state signed a $ 12 million pact to turn undeveloped . . .
Hickory.(Charlotte)
HICKORY -- Texas-based Dean Foods plans to close its Pet Dairy
ice-cream plant by late November. About 120 will lose jobs. The
Dallas-based dairy processor and distributor is consolidating . . .
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